Well, hopefully this is the case
Well our local news show this :
It's very natural to ask.. Who are going to finance those ? No effective contract means no financer. and with current budget cuts by govt there will be unlikely any contracts signed.. even in our Indodefence event where such thing are supposed to happen. We're not even publish Blue Book Yet. The best hope is to wait next year.
and just because Erdogan arrived here, doesnt mean Our current pres can suddenly touch bark and turn it to gold for paying those. This is where country of origin of the OEM financial institution comes into play. The other thing i haven't mention is the need for deal Insurance. This insurance is to ensure that the financial institution help with the deal will not suffer deep financial loss (e.g from inflation) Beside the insurance there also have to be Re-insurance.. where the insurance company itself will pick yet another company to protect themselves from financial loss. It's this company that will cushion the biggest risk.
Thus why they are cautious when providing financing, they do look each country's "credit rating" That's to mitigate the risk of the transactions.
I really wonder how do you guys think weapon procurement works for a country level ?
Western countries deal like French or maybe US are willing and do have such backing, even Russians but no one here willing to proceed due to CAATSA.
This leave a final option and extremely risky to us.. is to use our own Foreign Reserve.. It's when our Overseas bank are selected as Lender and insurer to the deal. This is risky because FOREX are limited and it's also used to control, say our currency. Given the need of Insurance and Re-Insurance. The amount needs to be prepared can be considerable, beyond the worth of the deal itself.
The thing is, what if we ended up using so much of it and failed to control our currency ? We already experienced De-Industrialization, means unemployement soars, slow market etc.